This is just my opinion but I am growing a little concerned with how fast LAC is running into this scripted BLM ROD news.  How much lithium is left in the tank for LAC?  Once announced i think LAC will do one of two things:

1) Sell off on the news and we slowly drift  back into the $15-$20 range 

2) Blast off even more because large institutional investors can now invest in LAC because the BLM approval will minimize a lot of the LAC stock risk.  We then launch into the $25-$30 range

LAC will continue to be an incredible long term investment and I will continue to hold my core shares.  Calls are high risk / high reward and I never want to be caught on the wrong side of that trade.  Based on the Jon Evans partnership announcement timline (Q3) I am considering August calls (too much of a premium right now) but hope they release November calls once the January calls are off the board.  What are your thoughts?  Go LAC!!

WB